Obamacare

Cliché as it may seem, health is wealth. However, it probably works the other way around now. You need to be wealthy to be healthy. It’s a sad reality for millions of Americans right now. It is every person’s right to have good health along with some other basic rights like the right to life, food, and shelter. Unfortunately, you may fall ill at times and compromise the state of your health.

Obamacare, or the Affordable Care Act, has been in effect for the past two terms of former President Barack Obama. The unexpected win of President Donald Trump spawned the creation of the long-awaited House Republican bill that is set to change the American economy. No longer will healthcare cover more Americans but it will also benefit more of the rich than those from the poorer classes.

With Republicans now controlling the White House and both chambers of Congress, the bill would drive government policy down routes long advocated by conservatives. The course correction would take at least two years to get rolling, and probably longer to show definitive results. If it falls short, it would give rise to a fresh set of health care grievances.

The Republican legislation would limit future federal funding for Medicaid, which covers low-income people, about 1 in 5 Americans. And it would loosen rules that former President Barack Obama’s law imposed for health plans directly purchased by individuals, while also scaling back insurance subsidies.